Tenacity and Solidarity of People Praised London, June 1.
'A tribute to the tenacity and solly clarity of the Chinese people was ald to-day by Mr. D, G. M. Bernard, the chairman, at the annual meeting of the British & Chinese Corpora: tion, "It is @ notable tribute to the tenacity and solidarity of the Chinese people," he declared, "that, durir all the toll and trouble occasioned by civil wars and devastating floods irised by the overflowing of the Yangtze and Yellow Rivers, the Nanking Government appears to have been successful in slowly but surely. consolidating its position and extend Ing the area in which the writ of ts authority, runs."
"Moreover," he continued, "the Central Government is now able 10 undertake "a constructive ceonomle Policy, Including the construction of important railways."
'Me. Bernard drow attention the corporations' collaboration in the construction of "the Shanghal-Hangchow-Ningpo Railway, which, he "declared "marked a new depar: {uro in our relations with China."
"We staked our reputation on. the word of China," he continued, "and are, In effect, inviting the subscribe ing' public to passo vole of Adence in the Chinese Government The chairman also pald a ribuie fo China's progress in the settle ment of debis and the success of her new currency measures.
"The general economic position." he added, "will be favourable if political exigencies can be adjusted. but the forcigm money market must remain closed (o any now Chinese issue until the situation is cleared up by the settlement of loans
Text read from the printed page and cleaned; old type leaves the occasional error.